Key Points
- JKC says SBI is blocking Jet Airways’ resolution plan.
- SBI reportedly wants to sell Jet’s assets instead of backing its revival.
- JKC believes they’ve met all the necessary conditions for the plan.
- SBI claims JKC hasn’t paid workers’ dues or gotten important permits.
- JKC lost airport slots because of SBI’s interference.
- More hearings are coming up on October 3.
Looma News
Alright, here’s the latest buzz: The Jalan Kalrock Consortium is throwing some serious shade at SBI, saying they’re trying to sabotage the resolution plan for Jet Airways. They think SBI is acting like an annoying fly, wanting to sell Jet’s assets as scrap instead of helping the airline bounce back.
Mukul Rohatgi, the consortium’s lawyer, made a solid argument in the Supreme Court, pointing out that running an airline is way more complicated than flipping a house. He slammed SBI for just sitting back while the consortium struggled with a bunch of issues. Rohatgi said SBI is claiming the consortium hasn’t met important requirements, but he insists they’ve checked all the boxes since May 2022.
SBI argues that JKC hasn’t paid workers’ dues or gotten necessary operating permits. Rohatgi fired back, saying they lost vital airport slots because SBI’s meddling made it hard to manage things. They’re ready to keep fighting this legal battle with more arguments lined up for October 3.
